Bank President Salary in Chicago, Illinois

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Average Salary for Bank President in Chicago, Illinois

The average salary of a(n) Bank President in Chicago, Illinois is $117,705.

The average hourly rate of a(n) Bank President in Chicago, Illinois is $56.59.

The average bonus of a(n) Bank President in Chicago, Illinois is $15,208.00.

Job Description:

Plans, develops, and directs financial policies and practices of bank, savings bank, commercial bank, trust company, mortgage company, credit union, or company dealing in consumer credit, such as finance company, to ensure that financial objectives, goals, and institutional growth are met and in accordance with policies of board of directors or corporate charter and government regulations: plans and develops investment, loan, interest, and reserve policies to ensure optimum monetary returns in accordance with availability of investment funds, government restrictions, and sound financial practices. Coordinates communication and reporting activities between divisions, departments, and branch offices to ensure availability of data required for efficient daily operations. Delegates to subordinate corporate officers authority for administering activities and operations under their control. Reviews reports and financial statements to determine policy changes due to changes in economic conditions. May serve as bank representative in professional, business, and community organizations to promote bank services. May plan budget and monitor financial activities, using computer. May serve on board of directors. May be designated according to type of financial institution as president, commercial bank; president, credit union; president, finance company; president, mortgage company; president, savings bank; president, trust company. Less

Plans, develops, and directs financial policies and practices of bank, savings bank, commercial bank, trust company, mortgage company, credit union, or company dealing in consumer credit, such as finance company, to ensure that financial objectives, goals, and institutional growth are... More

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